Shale Deals Nearly 30% Of Global Value Amid Brisk A&D Activity

Oil and natural gas deal activity spiked to the highest level in more than a decade as the upstream sector and interest by foreign investors picked up but transaction values remained muted.The most active shale plays with deals greater than $50 million should be no surprise. The Eagle Ford saw five deals with worth $3 billion. The Bakken and Permian plays each had three deals, with Bakken transactions totalling $863 million and the Permian $276 million.Collectively, the Big Three generated $4.1 billion in deals, according to a report by PricewaterhouseCoopers...